Interest Rates Resources

Last year, Chris deposited \$ 4000 into an account that paid 7 % interest per year and \$ 1000 into an account that paid 4 % interest...

For her birthday, Lexi's parents gave her \$5,575.00 which they put into a savings account that earns 9% interest compounded annually. When Lexi started college, she withdrew the entire balance of...

the formula L=p[1-(1+(r/n)-nt)/(r/n)] gives the amount of a long L in terms of the amounts of each payment P, the intrest rate is r, the number of payments per year n, and the number of years...

A banker plans to lend part of \$24,000 at a simple interest rate of 16% and the rest of the money at 19%. How much should he lend at each percent to obtain a total return of 18.5% on the total amount...

Suppose you inherited \$1003. What would be the interest rate at 3%? Using yearly compounding what is the accrued value after 5, 10 and 15 years?

Last year, Justin had \$20,000 to invest. He invested some of it in an account that paid 8% simple interest per year, and he invested the rest in an account that paid 7% simple interest per year. After...

Tom has \$600,000. He purchased saving bonds at 8% per annum. After the first year he cashed the bond in and put the same sale on the bond at the bank which offered 15% internet. How much money does...

Interest homework question

If \$4500 is invested at an interest rate of 8.25% per year compounded continuously find the value of the investment after 10 years